Focus on Economicson page 86 and 87, the article looks at an important issue to everyonethe economy. In particular it is focusing on whether our...

Focus on Economics—on page 86 and 87, the article looks at an important issue to everyone—the economy. In particular it is focusing on whether our standard of living is improving. Answer discussion question one at the back of the article:

Based on the graph in Fig 2.5, describe in general terms how real wages have changed over the past three decades. For example, describe the general period in which wages have risen and those in which wages have declined.